Odaily News “I met with the leaders of the House and Senate Banking and Finance Committees on Capitol Hill today, and they are very committed to advancing legislation in the House and Senate this year to provide the clear regulatory framework that the digital asset ecosystem needs to sustain American innovation,” David Sacks, the White House AI and cryptocurrency director, said in an interview, adding that this could be completed within the next six months.
Sacks also mentioned that the government hopes to bring stablecoin innovation, which is currently mainly carried out overseas, to the United States by allowing stablecoins to be issued domestically. “I think the power of stablecoins is that it can expand the dominance of the US dollar internationally, extend it to the online digital space, and create potentially trillions of dollars of new demand for U.S. Treasuries.”